Why is Dick Cheney smiling?
Because he thinks the doomsayers are wrong about the economy, and he has another year in office to fight off attacks on the Bush tax cuts. An exclusive visit with the Vice President.
By Nina Easton, Washington editor
WASHINGTON (Fortune Magazine) -- You might imagine that Dick Cheney, a well-known worrier, would be thinking dark thoughts about the economy.
Home-loan foreclosures are on the rise, banks are writing off billions, the dollar has become the butt of jokes, and bearish economists are invoking the "R" word. But that's not what has the Vice President worried.
In fact, when he looks at the subprime mortgage catastrophe that's at the root of most of the economy's troubles, he's more concerned about Washington's impulse to fix it - a view that sets him slightly apart from his Treasury Secretary and firmly at odds with well-meaning Democrats on Capitol Hill.
No, if there's anything about the economy that keeps Dick Cheney up at night, it's the prospect of sabotage aimed at disrupting the oil market, he told FORTUNE.
"Clearly the world depends on a global supply of oil, and that will continue to be true for some considerable period of time. Efforts to shut down the flow of oil could conceivably have a significant impact."
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http://money.cnn.com/2007/11/22/magazines/fortune/cheney.fortune/index.htm?postversion=2007112517